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Bank guarantee

Contract between a bank as guarantor and a beneficiary in which the bank commits itself to pay a certain sum under certain, specified conditions. Thus, a demand guarantee is one in which the bank agrees to pay against the simple written demand of the beneficiary.

News On Bank guarantee
Bansal Roofing Products board meeting Feb 15, 2017

06-02-2017| Source:Moneycontrol.com

. To authorize and get approval of Directors to incorporate the limit of ABG PBG (Advance Bank Guarantee & Performance Bank Guarantee from Yes Bank Ltd.

Indo National: Outcome of board meeting

03-02-2017| Source:Moneycontrol.com

Indo National has informed that the Board of Directors at their meeting held on February 03, 2017, has approved the item providing Corporate Guarantee of Rs. 6.00 Crs to M/s. HDFC Bank Ltd. Chennai

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